Which states do not require Annual Reports for LLCs and corporations?
Nearly all states require an annual or biennial (once every two years) report from LLCs and corporations. They are typically filed with the Secretary of State or a comparable agency. In a few states, businesses are also required to file an Initial Report after registration. Both documents contain similar information. Generally, they identify the company’s registered agent, directors, and managers, and summarize activities over the past year.
The only state that does not require corporations to file an Annual Report is Ohio, although public companies registered in Ohio still file reports with the federal Securities and Exchange Commission.
States that don’t require LLCs to file Annual Reports are:
- Arizona
- Missouri
- New Mexico
- Ohio
- South Carolina
When do I file an Annual Report?
This is a simple question with a complicated answer. In short, it varies substantially based upon where your company was organized and where it operates. Here are a few examples:
- Louisiana, Massachusetts, Oklahoma, and Oregon require businesses to file an Annual Report every year on the anniversary of its formation.
- California, Colorado, Nevada, and a few other states require businesses to file an Annual Report by the last day of the business formation anniversary month.
- Kansas requires the report be filed each year on the 15th day of the fourth month after the close of the business's financial year.
- In Massachusetts, a corporation must file an Annual Report within 2.5 months of the close of the fiscal year, and an LLC must file an Annual Report on the formation anniversary date.
- Hawaii requires businesses to file an Annual Report each year during the quarter that contains the anniversary month of the business formation.
- Florida, Maine, Kentucky, Montana, and other states require an Annual Report filing by a set date regardless of what day or month the business was formed. For example, the deadline is May 1 in Florida and June 1 in Maine.
Preparing an Annual Report requires a substantial investment of time, data, and resources, so getting help early on can reduce compliance problems. While many organizations retain costly big firms for their filings, others turn to digital solutions. Rocket Lawyer offers a full suite of compliance documents, and Rocket Legal+ members can get Legal Pros to review their documents at an affordable price.
Ways Rocket Lawyer can help:
- Annual Report filings.
Rocket Lawyer can help you file your Annual Report on time. Keep your business on solid legal ground. Let us file your Initial and Annual Reports to ensure your business is compliant. With a Rocket Legal+ membership, it’s only $99.99 (full price is $199.99) to file your Initial and Annual reports and protect against costly penalties.
- Talk to a Legal Pro.
Whether you’re trying to steady the ship or changing course, it can be helpful to ask Legal Pros for advice, to review documents, or evaluate risks. Reaching out to a Rocket Legal Pro™ is an easy and reliable way to get affordable legal advice.
- Save on Everything Legal for your business.
Whether you’re looking for personalized legal documents or Pro Services, a Rocket Legal+ membership pays for itself. As a Rocket Legal+ member, your first business registration filing is FREE (excluding state fees) and you get HALF OFF registered agent services, tax filing, trademark services (excluding USPTO fees), and more.
This article contains general legal information and does not contain legal advice. Rocket Lawyer is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.
